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Money Management Lessons from Dangote

10 Money Management Lessons from Aliko Dangote - Richest Africa Man | Businessblogmoney.com :... Alhaji Aliko Dangote is the most successful businessman in Africa with a net worth of several billions of United States Dollars. His business is heavily present in Nigeria, Africa and other countries in the world. He left the whole world stunned when he increased his personal net worth by a million…

THE RAIL IN NIGERIA.
**check when the rail line will pass through your town.
**fast strain to be introduced in 2016.

INFORMATION on the next phase of the RAILWAYS: 'By 2016, the Federal Republic of Nigeria is on schedule to have over 8,000 kilometers of state-of-the-art high speed passenger rail.
At the end of Phase 1, a network of six lines will connect more than fifty of the country's major cities, with new regional lines extending across the country. Extension work, terminating at neighboring capitals, is to continue past 2020. NAIJARAIL will be one of the world's premier transport systems, and by far the most advanced rail network of Africa.
The Abuja – Kaduna route of 186.5km standard gauge track is built by the China Railway Construction Corporation at a cost of $850m. It has nine stations and the train runs at 150km per hour.

'With a projections maximum speed of 220km/hour, mainline service is expected to average 150km/hour across the entire network. Cost estimates from the 2008 plan require an outlay of more than US$200b over six years, or approximately US$25m per km.'
However, for now we have started somewhere.... there are lots of towns and states between Lagos and Kano... the trains will never be empty.
The railways from Lagos-Kano-Lagos means many things: Apart from the hundreds of humans transported, 27 tanker loads of petroleum products are being transported. That means 27 trailers/truck-laden (with) petroleum products are off the highways, reducing risk of fuel fires and wear and tear on the currently rehabbed roads.
It will also create wealth along lots of stops between Kano and Lagos as agricultural produce will now be more easliy couriered at less cost by farmers while petty traders along these routes can also make brisk business from passengers by selling recharge cards, foods, soft drinks, local fabrics like A*o Oke, etc, carvings, kilishi, suya, jallabiya etc... Sometimes we need to look beyond our noses Nigeria. - Transformation Watch.

This is the time to re-engineer and re-package yourself to suit the employment need of these new Investors.

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Oil Firm Plans Mass Employment for Koko Youths.

n oil firm, Moss Petroleum International, has said its multi-dollar gas plant in Koko, Delta State, will offer Nigerian youths in the host community mass employment opportunities.

Managing Director of Moss Petroleum, Mr. Steven Igbinose, said his company had a drawn business package that would create so many jobs for Nigerians, particularly those based in Koko.

He said the company would build six mega ultra modern oil tank farms, adding that this would be of huge economic benefit to the country.

“Our aim is to try as much as possible to see that our country, Nigeria benefits economically and that we are able to help the under-privileged ones as well. We intend to put up an organisation that would be known as Moss Charity which will take care of that”, he said.

He added that his international exposure in Europe had prepared him to establish a company that would succeed and would be based on pure transparency.

He said he was inspired to come home and invest taking into consideration the efforts of government in addressing certain anomalies in various sectors of the economy, adding that the gas plant project would be of best international practice.

“We also intend to go global, with my experience and the right contacts that we have. So, basically, having stayed in England for many pretty years, and considering the efforts of the Nigerian government in addressing certain anomalies in various sectors, I was inspired to come home and contribute to the economy of our great country. And with me, in Nigeria, are my friends and co-investors, Neoclis and Garey. They came down with me from the UK”, he said.

On what will make his firm stand out in the country, he told newsmen that transparency was one issue that the management of the company would take seriously considering the recent fate that befell the oil industry with the oil subsidy scandal.

“I am aware that it is common news in many places that transparency is lacking in the oil and gas industry in Nigeria but our assurance is that Moss Petroleum will present to Nigerians a brand new high-tech transparent and people oriented oil and gas firm.

“It will provide jobs to many unemployed and also bring about development, social welfare and innovative healthcare to the people. We also intend to go global with our subsidiary firm in UK. And with my international investors that will take care of the leisure, and ultra-modern boxing school, respectively, and the right funds in our disposal, we will not disappoint Nigerians”, he said.

On the choice of Koko for the tank farm, he explained, that this followed a feasibility study, which showed that the area was central for oil and gas business.

“As for our choice of Koko as project base, we studied the oil business environment and discovered that Koko is both strategic and central for such business. You know that 99 per cent of Nigeria’s oil is produced in the Delta State. So, sitting our firm there would make a lot of things easier for us and more beneficial to the people of Nigeria too. The presence of Benin River will allow for quick and easy access for bulk loading and unloading, thereby translating to a competitive advantage.

“It is also common knowledge that Lagos is now a hugely congested port, which is why major oil companies are already relocating to the Delta region. So, we did our feasibility studies and concluded that Koko would be right to site our firm. I am a son of the soil too and I know what exists in that area. Koko is just the right place to site Moss because it also afforded us the opportunity to acquire a comfortable land space that can accommodate all that we intend to put up”.

He disclosed that the tank farm would have six mega storage tanks that would have two each for Automotive Gas Oil, (AGO), Premium Motor Spirit, (PMS), and Dual Purpose Kerosene, (DPK).

“We shall be involved in bulk sales and broking; and we as well have plans to develop a network of retail service stations. There would be a loading gantry with six product pumps that has the capacity to dispense 150 thousand litres of product, each, per hour. Our HGV oil tanker fleet is already on ground and the oil tanker fleet is ready too, which will facilitate ship to ship bulk transfer”.

On the issue of capital for such a mega business, he said, the feasibility study took care of these challenges before the investors decided to go into the project.

“We have been on the issue for quite some time now and we did adequate feasibility studies before going into it proper. The project is capital intensive, no doubt, but I can assure you that money would not be an impediment. We didn’t just wake up and got into oil and gas business” .

He disclosed that the plan of the company was to deliver the project in the next 12 months.

“You know that certain intervening variables could affect project construction in this country. But in the absence of any, according to what our engineers told us, it would take maximum of twelve months for them to deliver the project for business. For us, our part of the bargain is readily assured and we shall keep to our bit. We are quite on ground”.

“This project has been carefully developed over five years. It may also interest you to know that we have the full support of our host community, the Koko community. When they saw our community project programme, which has been embedded into our business plan, they threw their weight behind us. We also had our planning requirements approved and costed, with experienced and world class management team assembled too. So, because of our ambitious plans for growth and development, we hope to fully recoup all set up costs at the end of the first year in business”.

He said he was encouraged to return to Nigeria when he lost his father in 2004 during which he realised the various rich investment potentials.

“Truth is that when I lost my dad in 2004, and I came home for his funeral, I realised that the Koko community is an investment area with various rich investment potentials that were just lying untapped. So, I immediately thought of putting up an oil and gas firm there, I pursued the business idea, and got it registered in 2008 as Moss Petroleum. And being a son of the soil, it will afford me ample opportunity to make some positive impact on my people. I say this because, if you look at our country, you would see a country that was once the second largest oil producing country in the world, currently sitting at the 7th position.

“That, to me, serves to show that the corruption that you are hearing exist in the oil industry is not a farce. It is shameful that instead of progressing like others, we have continued to steadily retrogress. And you find the oil companies all over the place in the oil producing communities without any impressive positive contribution to those communities.

“It is sad. So, the question is; if countries that have no natural resources were able to manage themselves to perfection by having good welfare system and all that, why can’t we do same or even exceed them, using the proceeds of our God-given natural wealth? For us in Moss, if we can, in the end, make a change and be able to, at least, feed and shelter one homeless person on the street and he is taken off the street, to survive and live a better life, I think we will be a lot fulfilled. So, I can simply come to revolutionise oil and gas business in Nigeria”, he said.

Apart from oil , he disclosed that the company planned to introduce other businesses, including a wellness centre, medical centre and a boxing training centre.

According to him, “We are putting up a mega tank farm, health and leisure centers, Moss Charity to take care of the needy as well as an ultra-modern boxing center among others”. - thisday Nigeria.

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Africa’s largest brewery set for commissioning in Onitsha.

The countdown has started towards the commissioning of what is believed to be Africa’s largest brewery.

Located in Onitsha, the famous commercial town in Anambra State, the project is a brainchild of SABMiller, the world’s second biggest brewer with a presence in 32 African countries.

The $100 million dollars (N15 billion) project which took some two years to accomplish will be ready for commissioning by President Goodluck Jonathan in just over a month, according to Prof. Chinyere Stella Okunna, Chief of Staff to the Anambra State Governor and Commissioner for Planning Budget.
She said in a message sent to an online forum that apart from commissioning Orient Petroleum on August 30, “That same day the President will also commission the SABMiller Brewery Facilities in Onitsha.”

Prof. Okunna described the Onitsha brewery as “another landmark achievement of the Peter Obi Administration that is creating hundreds of jobs helping restore the industrial reputation of Onitsha,” adding: “Indeed, our dear state is getting better. Governor Obi is working round the clock to ensure this.”

Transport & Business Express reports that the brewery is expected to start production in September and to create over five thousand jobs.

While SABMiller holds the controlling share in the project, 22.5 per cent share is held by indigenous entrepreneurs comprising 10 per cent for Anambra State Government and 12.5 per cent for private local investors. - Nairaland.

This is the time to re-engineer and re-package yourself to suit the employment need of these new Investors.

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Electricity: NACCIMA Wants Metres Installed.

The Nigerian Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said the new electricity tariff will not work without the availability of pre-paid metres on the homes of consumers.

President of NACCIMA, Dr.Herbert Ajayi said availability of pre-paid metres will create room for the determination of actual energy consumed.

“For the new electricity tariff to function,the first thing is that pre-paid metres should be available and every unit of energy supplied should be paid for. (The) Power Holding Company of Nigeria (PHCN) should know how many houses are metred,’’ he said.

Ajayi,who spoke at a press conference to herald the maiden NACCIMA/ENABLE biannual dialogue, said the Power Holding Company of Nigeria ought to have done six months feasibility study on the workability of the new electricity tariff before implementing it.

He also spoke on the current insecurity in the country and said it is endangering the nation’s business environment.

On the proposed biannual dialogue, he said it will come up on July 31, this year in Lagos with the theme; “The impact of Government Intervention Funds in the Tranformation of the Nigerian Economy.’’

According to him, the aim of the dialogue is to create effective forum for Public-Private dialogue for the private sector operators and other stakeholders and actors to brainstorm on the identified issue that can shape the enabling business environment and investment climate of the transformation agenda of the government. - by Mohammed Shosanya.
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About 45,000 Meter Reading Job, technicians and analyst will be available when these pre-paid or normal meters are deployed by the Electricity suppliers.
This is the time to re-engineer and re-package yourself to suit the employment need of these new Investors.

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Security and Investment in Nigeria.

There have been few questions that come to minds from Doubting Thomases and other cynics out there about the impact of the present insecurity situation and attraction of foreign direct Investment (FDI) into Nigeria.

It is understandable that the incessant bomb attacks and related terror attacks in some parts of Nigeria will be a drawback for foreign investors to invest in the country.

While this situation can never be brushed aside as unimportant, we should also note that Japan and Germany did not wait for a relative peace after their defeat in the world war to start their journey to be among the world biggest economy today.

American Industrialisation was kick-start shortly after their civil war. Brazil and Mexico did not also wait till they finish with their drug war with the cartels before embarking in various economic missions that has seen Brazil lending to IMF and Mexico producing the richest man in the world.

It will be good if we should start trusting in Nigeria, believing that trouble and fighting is not synonymous to Nigeria as a country. Acknowledging that irrespective of the odds, we are sure that Nigeria will overcome.

Think Nigeria, Invest in Nigeria!
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This is the time to re-engineer and re-package yourself to suit the employment need of these new Investors.

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25 Investors Bid for PHCN Power Generation Companies.

A total of 25 prospective investors have submitted technical and financial bids for the six electricity generation companies of the Power Holding Company of Nigeria, PHCN.

The Federal Government had set a revised timeline of August 17, 2012 as deadline for receipt of technical and financial bids from the potential investors.

The four thermal power generating companies slated for privatisation are: Ughelli Power Plc, situated in Delta area in South-South region of Nigeria with a total installed capacity of 972 MW; Geregu Power Plc- situated in Kogi State in North Central Nigeria with a total installed capacity of 414 MW;

The others are: Afam Power Plc, comprising Afam I-V power stations located in Rivers State, South-South Nigeria with an installed capacity of 776 MW; Sapele Power Plc in Sapele, Delta State, South-South Nigeria with an installed capacity of 1020 MW.

There are equally two hydro power generating companies up for sale, namely: Kainji Power Plc comprising Kainji Power Plants and Jebba Power Plants located in Niger and Kwara States respectively in North-Central Nigeria and Shiroro Power Plc at the Shiroro Gorge, Niger State in North-Central Nigeria.

The next stage of the privatisation exercise, according to the spokesman of the BPE, Mr. Chukwuma Nwoko, will be the harvest of the bidders’ technical and financial proposals for distribution companies. It has July 31, 2012 as deadline.

The transaction timeline also reveals that the evaluation of the technical bids will take place between August 14 and 28, 2012. The National Council on Privatisation, NCP, will approve the results of the technical evaluation on/or before September 11, 2012.

The deadline for the shortlisted bidders for generation companies to submit their letters of credit is September 18, 2012 while October 2, 2012 is for shortlisted bidders for distribution companies.

The BPE will, between September 25, 2012 and October 10, 2012, open the financial bids of prospective investors for the privatisation of the successor companies.
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FG Signs $1.49bn Rail Contract with China.
**Other business developments in Nigeria.

The Federal Government yesterday disclosed that it had signed a $1.49 billion contract with China for the construction of the Lagos-Ibadan Standard Gauge Rail Double Track.

The rail line with Double Formation under Addendum No. 2 (2nd segment) is for the modernisation of the Lagos-Kano railway project.

It also approved other contracts covering the transport, power and the Federal Capital Territory (FCT).

Briefing journalists in company of his colleagues after the Federal Executive Council (FEC) meeting in Abuja, the Minister of the Federal Capital Territory, Bala Mohammed, Trade and Investment, Olusegun Aganga, Transport, Idris Umar, Power, Bart Nnaji, and Urban and Housing Development, Ama Pepple, the Minister of Information, Labaran Maku, said council approved contracts including the implementation of Addendum No. 2 (2nd segment: Lagos-Ibadan to the main contract for the railway modernisation project (Phase 1; Lagos-Kano).

Messrs China Civil Engineering Construction Company Nig Ltd which clinched the job, is expected to complete the project in 36 months.
The variation of the scope of work for the contract for design and construction of Abuja Rail Mass Transit Project (Lots 1&3) from the initial work span of 60.67km to 45.245km (Lots 1A &3) upped the amount payable from $841,645,898.00 to $823,540,545.87 payable at the prevailing exchange rate inclusive of 5 per cent VAT and 5 per cent variation on prices.

“The contract is in favour of Messrs China Civil Engineering and Construction Corporation (CCECC), with a completion period of 36 months”, Maku said.

On power: Council, in line with accepted best practices in the operation and maintenance of hydropower plants, approved the supply and installation of parts for the 2 x 140MW units 411G3 Generators at Shiroro Hydroelectric Plc, in favour of Messrs AsNDRITZ Hydro GmbH, in the sum of €2,075,754.00.

This is in addition to the N13,326340.68 to be retained by Shiroro Hydroelectric Plc to cover one per cent CISS fees and two per cent Port and Handling charges, with a completion period of eight months.

Council also approved the restoration of four Plant units and balance of plant at Omotosho Power Plc in favour of China Machinery and Engineering Corporation in the sum of USD 10,092,771.15 payable at the prevailing exchange rate at the time of payment, plus N78,753,893.30 for 5 per cent VAT with a completion period of 6 months.

On investment, Aganga said Nigeria has improved in the FDI attraction index to 23rd position making it a first quarter country for FDI attractiveness.

Nigeria is ranked first in the top five host economies for FDI in Africa at $8.91 billion in 2011 in comparision to $6.09billion in 2010, followed by South Africa with $5.9 billion in 2011 and Ghana with $3.2 billion.

Nigeria accounted for over one-sixth of flows into Africa as a whole. Only Nigeria, South Africa and Ghana attracted FDI inflows above $3 billion in 2011.

Meanwhile, Nigeria makes the final list of Common Wealth Association of Public Admnistration and Management (CAPAM). It is the first time Nigeria is partiparting in the international innovations award.

The Ministry of Health made a summation on their midwives services scheme. The scheme is meant to address one of the goals of the MDGs that has to do with the reduction of maternal and infant
mortality.

It is a federal government programme by the ministry of health that employs qualified midwives, some of them retired and newly qualified ones.

“So far they have employed 4000 midwives and they are meant to work only in the primary health care centers. They are deployed to states and federal government pays their salaries while the states provide accommodation and transportation to enable them do their work. So far the 4000 midwives have been sent to 1000 primary healthcare centers across the country. Ministry of health submitted this scheme for the innovation award, there were 111 submissions from nine countries, we made it to the semi final of 40 submissions and now the scheme is among the twelve finalists who will make a presentation at his yeas biannual in India.

“The Minister of Health has assured that they will work hard to ensure that they win the award. It is the first time we tried and we are among the finalists”, says Pepple who has been representing Nigeria on the board of CAPAM since her days as the Head of Service of the Federation. - this day.
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About 47,000 Nigerian will be employed in the Rail transportation sector of the economy in the first year of full operation. Will the employers of labour in this sector see you employable?

This the time to re-position yourself.

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Are You Employable by a Multi-National Company?

Nigeria Government recently signed memorandum of understanding (MOU) with two of the world Biggest Electricity Production Companies.
Do you know that the USA and Brazilian's prospective companies operation in Nigeria will directly and indirectly employ about 358,000 people in the first 2 years?

The Question is, when these companies begin operation in Nigeria, will they see you as an employable person or you will be on the queue, begging to apply?

This is the time to re-engineer and re-package yourself to suit the employment need of these new Investors.

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Invest In Nigeria.
Do you know that Nigeria have a shocking investment opportunity than major countries in the world.
With a population of about 168.6 million and a high educated youth number, Nigeria is a heaven for Multi-National organisations that are scouting for where to invest.
There are alarming opportunities to invest in....
**Electricity Generation
**Automobile
**Agriculture
**Solid Mineral
**Health Care
**Education
**Food Processing and preservation
**Rail Network System/Transportation
**Aviation
**Private security/Security Equipment
**Constructions - Roads, Housing, Sea dredging.
The list is endless, what are you waiting for?

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